Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Tesla (TSLA) has fired hundreds of workers after completing its annual performance reviews, according to the Associated Press. The company confirmed the cuts but did not disclose how many of its workers jettisoned, the publication added. 2. Responding to the protest over actress Rose McGowan being banned from the service, Twitter (TWTR) CEO Jack Dorsey promised to improve the social media platform's abuse and safety rules. In a series of tweets, the executive said "[...] Today we saw voices silencing themselves and voices speaking out because we're *still* not doing enough. [...] 6/ We decided to take a more aggressive stance in our rules and how we enforce them. [...] 7/ New rules around: unwanted sexual advances, non-consensual nudity, hate symbols, violent groups, and tweets that glorifies violence. [...] 8/ These changes will start rolling out in the next few weeks. More to share next week." 3. With China Single's Day - the biggest shopping day of the year - less than a month away, investors looking for growth stocks in the country may want to look to JD.com (JD), its number two online retailer after Alibaba (BABA), Jack Hough wrote in this week's edition of Barron's. JD.com stock could gain 30% or more in the next year, he added. 4. Universal (CMCSA) and Blumhouse's "Happy Death Day" ended its debut weekend with a strong $26.5M from about 3,150 theaters as Halloween approaches. The horror-thriller, directed by Christopher Landon and rated PG-13, got a 66% from Rotten Tomatoes. 5. Dominion Energy (D), SoftBank (SFTBF) and Wal-Mart (WMT) saw positive mentions in Barron's.

Tesla has fired hundreds of workers after completing its annual performance reviews, according to the Associated Press. The company confirmed the cuts but did not disclose how many of its workers jettisoned, the publication added. Reference Link

As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on this week's top stories highlighting the intersection of these old guard and new school areas of finance with this recap compiled by The Fly: 1. JPM DIALS BACK: In its Thursday conference call regarding quarterly earnings, JPMorgan (JPM) dialed back on Chief Executive Officer Jamie Dimon's previous comments on cryptocurrency. "We are very open minded to the potential use cases in the future for digital currencies that are properly controlled and regulated," Chief Financial Officer Marianne Lake said, according to Bloomberg. "We're not going to not be part of that conversation. We'll have to see, it's quite nascent." She added the bank is "very optimistic" about the underlying technology of the cryptocurrency. Dimon added, "I wouldn't put this high in the category of important things in the world, but I'm not going to talk about bitcoin anymore." The comments come after his remarks criticizing bitcoin as a "fraud". The comments also follow Blockchain Capital co-founder Bart Stephens calling Dimon's remarks hypocritical and ignorant. "While Jamie Dimon was making those comments, I was an invited speaker at JP Morgan's offices in San Francisco to give a talk with other fund managers and clients of JP Morgan who are really curious about cryptocurrencies and the underlying blockchain technology," he said. Then, on Friday, Dimon said he could not care less about Bitcoin's trading price at the Insitute of International Finance conference, CNBC reports. "If you're stupid enough to buy it, you'll pay the price for it one day," he said, adding he does find the underlying technology valid. 2. CITI EXPLORES CRYPTO: In a Thursday earnings call, Citigroup (C) Chief Financial Officer John Gerspach said the company is reviewing cryptocurrencies and the blockchain technology that underlies them, according to Bloomberg. He said digital currencies are "worthy of exploration," adding, "We're more focused on the underlying technology, the blockchain, which we think has real potential to deliver commercial-oriented solutions." 3. REGULATION SPECULATION: Bitcoin rose to new highs amid speculation China could lift its ban on domestic exchanges, enabling trading to resume under a stricter regulatory environment, CNBC reported on Thursday, citing a Cryptocoinnews.com report. The new rules could include licensing and anti-money laundering regulations to impede the use of the cryptocurrency for illegal transactions. Meanwhile, Russian Central Bank First Deputy Governor Sergei Shvetsov said on Tuesday the country will block access to websites of cryptocurrency exchanges and Russian President Vladimir Putin reportedly said "buyers of cryptocurrencies could be involved in unlawful activities." 4. SHORT-SELLER GOES LONG: Short-seller Marc Cohodes started to buy shares of Overstock (OSTK) in May and in June added to the stake, which he described as "not small," Bloomberg reported on Tuesday. Cohodes, who believes the stock is "ridiculously cheap", said the company's online retail business is unvalued and its blockchain unit may bring in large stock gains. Cohodes cited the potential of Overstock's tZERO subsidiary, which is starting a digital coin exchange in compliance with SEC guidelines, saying tZERO's electronic blockchain market for securities lending could bolster transparency. "I know a thing or two about stock loan, and I think this product is tremendous," he said. "If this thing takes off, the company is going to sell at a whole lot more than a $700 million market cap. The stock will go apoplectic." 5. ROGOFF SEES BUBBLE BURSTING: Kenneth Rogoff, Harvard professor of economics and public policy, said in a Guardian op-ed on Monday he believes the technology behind bitcoin will thrive, but the price will collapse as governments move to regulate the cryptocurrency. "Most experts agree that the ingenious technology behind virtual currencies may have broad applications for cybersecurity, which currently poses one of the biggest challenges to the stability of the global financial system," he said. "But it is folly to think that bitcoin will ever be allowed to supplant central-bank-issued money. It is one thing for governments to allow small anonymous transactions with virtual currencies...But it is an entirely different matter for governments to allow large-scale anonymous payments, which would make it extremely difficult to collect taxes or counter criminal activity." He added the central banks are likely to create their own digital currency and use regulation to tilt the space in their favor. 6. OTHER BITCOIN PLAYS: Cryptocurrency revenues have been pointed to as reasons to be bullish on Advanced Micro Devices (AMD) and Nvidia (NVDA) in select research. PRICE ACTION: As of time of writing, Bitcoin rose about 31% this week, or $1,355, to $5,700 in U.S. dollars. Meanwhile, AMD shares were up 8% to $14.25 this week and Nvidia rose 7% on a weekly basis to $194.18. Bitcoin Investment Trust (GBTC) dropped nearly 1% this week to $699.44. WANT BITCOIN NEWS ALERTS?: To receive alerts on stories relating to bitcoin and other cryptocurrencies, Fly subscribers can enter "Bitcoin" into the "Add symbols" box of their portfolios.

People are posting ads on Craigslist to sell their $1,000 reservations for the Tesla Model 3 for markups, with the highest asking price at $4,000, MarketWatch reports, citing the Craigslist ads. Tesla declined to comment on whether it would honor transfers from original reservation holders to random buyers and the terms of the reservations state any transfer is subject to Tesla's approval. Reference Link

Barclays analyst Brian Johnson upgraded General Motors (GM) to Overweight and raised his price target for the shares to $55 from $41. The automaker closed yesterday down 58c to $44.89. GM is set to recoup lost market capitalization from Tesla (TSLA), Johnson tells investors in a research note partially titled "Mary to Elon: Give me my market cap back." General Motors is making "significant progress" on electrification and autonomy, just as Tesla faces issues ramping production, the analyst writes. He expects the investor narrative to shift towards his view that GM may not be the "'dinosaur' that its low multiple would imply." Johnson says the potential "Tesla effect" on keeping GM's multiple compressed despite strong earnings can't be underestimated. The analyst this morning also downgraded Ford (F) to Equal Weight.

Ford downgraded to Equal Weight from Overweight at Barclays. Barclays analyst Brian Johnson downgraded Ford (F) to Equal Weight with an unchanged price target of $14. The company is starting "substantially behind" General Motors (GM) in current North America margins, and behind both GM and Tesla (TSLA) in its positioning for the "megatrends and disruptive mobility," Johnson tells investors in a research note. The analyst believes it will take several years for CEO Jim Hackett's initiatives to show through in results.

Tesla is recalling 11,000 Model X SUVs globally due to an issue with its seats said the AP. According to the report, their rear seats might not lock into place. According to the AP report the recall involves vehicles with fold-flat second-row seats made between Oct. 28, 2016, and Aug. 16, 2017, said the electric car company according to the report from the Associated Press. Reference Link